Zoey's Catnip Toys faces the following relationship between price and demand: v = 2000 - 200p. The fixed cost is $500 and variable cost is $1. What price should Zoey charge to maximize profit?
What will be an ideal response?
Answer: $5.50
Business
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According to the BCG growth-market share matrix, ________ are strategic business units with products that have a small share of a slow-growth market
A) dogs B) exclamation points C) cash cows D) stars E) question marks
Business
If customers are grouped by age, sex, income, race, etc., this is an example of
a. geographic segmentation. b. demographic segmentation. c. psychographic segmentation. d. benefit segmentation.
Business